Monday, June 13, 2011

The benchmark indices ended around the previous week's levels. The S&P CNX Nifty touched a low of 5,436.95 in the afternoon session and recovered fully to close at 5,482.80, down -3.00 points.

The Nifty futures closed and settled finally at 5501.90 up by 17.75 points or 0.32 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5410 else above resistance level of 5520 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5520 & above this level the next resistance is seen near the 5630 mark.

SUPPORT: It has first support close to the level of 5410 & below this level the next support is seen near 5310 mark.

Bank Nifty Futures shut stop at 10748 up by 53.05 points or 0.50 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10600 else above resistance level of 10815 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10815 above this level the next resistance is seen near to the level of 10990.

SUPPORT: It has first support close to the level of 10600 & below this level the next support is seen near 10430 marks.

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